Ten billion Euros may not suffice when vying for EV supremacy. Case in point, Volkswagen indicated during its latest five-year strategic meeting that it will raise its funding for EV R&D to €73 billion, the breakdown of which is as follows: €35 for BEV development, €27 for digital transformation, and €11 for HEV development. VW’s […]
Tesla Stock Could Be Worth $100 Billion More Thanks to One Thing: Batteries
Credit Suisse analyst Dan Levy increased his price target for Tesla stock to $400 from $280 Wednesday, a 40% jump that works out to more than $100 billion in additional market value. His reasoning is simple: batteries. Tesla (ticker: TSLA)—which currently has a market cap of more than $418 billion—will host its highly anticipated battery […]
Canada Pension Giant to Buy Pattern Energy for $2.6 Billion
Canada Pension Plan Investment Board agreed to buy Pattern Energy Group Inc. in a deal valued at $2.6 billion as big investors chase wind and solar farms that had lost luster on Wall Street. The Toronto-based pension giant will pay $26.75 a share for Pattern, a 3.8% discount to Friday’s closing price, according to a […]
